Lions Gate Entertainment S-3/A Shelf registration (amended)

EXHIBIT 12.1

LIONS GATE ENTERTAINMENT CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FIVE YEARS ENDED MARCH 31, 2005
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)

	Fiscal Year Ended March 31,
	2005			2004			2003			2002			2001
	$			$			$			$			$
Net income (loss) before income taxes, excluding equity interests in unconsolidated subsidiaries, write down of equity interests, gain on dilution of equity interests, gain on sale of equity interests, other equity interests and minority interests in consolidated subsidiaries		29,428			(89,554	)		379			(15,356	)		10,206
Interest capitalized		(1,000	)		(1,300	)		(300	)		(2,200	)		(1,500	)
Fixed charges		25,968			16,409			9,901			11,635			10,283
TOTAL EARNINGS		54,396			(74,445	)		9,980			(5,921	)		18,989
FIXED CHARGES:
Interest expense, amortization and write-off of deferred financing costs		23,668			14,342			9,034			8,735			8,116
Estimate of interest within rent expense		1,300			767			567			700			667
Interest capitalized		1,000			1,300			300			2,200			1,500
TOTAL FIXED CHARGES		25,968			16,409			9,901			11,635			10,283
RATIO OF EARNINGS TO FIXED CHARGES		2.09			—	(1)		1.01			—	(2)		1.85
(1) Earnings were insufficient to cover fixed charges by	$	90,854
(2) Earnings were insufficient to cover fixed charges by	$	17,556

Lions Gate Entertainment Corp
Computation of Ratio of Earnings to Fixed Charges

(Amounts in thousands, except ratios)

		2005			2004			2003			2002			2001
		$			$			$			$			$
Pre tax income from continuing operations			29,228			(91,723	)		398			(43,332	)		3,855
Before minority interests in consolidated subsidiaries			—			—			—			91			586		Christal 75% F2000 - F2002
Before equity interests:																	CinemaNow, Mandalay, CineGroupe, Christal F2003 - F2004
Write down of equity interests												24,052
Gain on dilution of equity interests												(2,186	)
Gain on sale of equity interests									(2,131	)
Other equity interests			200			2,169			2,112			6,019			5,765
			29,428			(89,554	)		379			(15,356	)		10,206
Add: amortization of capitalized interest
Add: distributed income of equity investees			n/a			n/a			n/a			n/a			n/a
Add: pre tax losses of equity investees with charges from guarantees included in fixed charges			n/a			n/a			n/a			n/a			n/a
Add: Fixed Charges	=B		25,968			16,409			9,901			11,635			10,283
Subtract: Interest capitalized			(1,000	)		(1,300	)		(300	)		(2,200	)		(1,500	)
Subtract: preferred dividends of consolidated subsidiaries			n/a			n/a			n/a			n/a			n/a
Subtract: minority interest in pre tax income of subsidiaries that have not incurred fixed charges			n/a			n/a			n/a			n/a			n/a		Christal incurred fixed charges
Total earnings	A		54,396			(74,445	)		9,980			(5,921	)		18,989
Fixed charges:
Interest expense, amortization and write-off of deferred financing costs			23,140			14,042			8,934			8,435			7,716
Add back Interest income netted off interest expense			528			300			100			300			400
Estimate of interest within rent expense			1,300			767			567			700			667
Add back Interest capitalized netted off interest expense			1,000			1,300			300			2,200			1,500
Total fixed charges	B		25,968			16,409			9,901			11,635			10,283
Ratio of Earnings to Fixed Charges	=A/B		2.09			(4.54	)		1.01			(0.51	)		1.85
Estimate of interest within rent expense
Rent expense			3,900			2,300			1,700			2,100			2,000
Divided by 3/1000			1,300			767			567			700			667
(1) Earnings were insufficient to cover fixed charges by			—			90,854			—			17,556			—